As posted in USA TODAY, lenders are cutting the credit available to qualified borrowers....These folks carry lower balances and use their cards less....Resulting in lower profits for the card companies and their processors....Hum. Ironically, thee same people are recieiving some of the lowest interest rates in history as they purchase a Kansas City home.
http://www.usatoday.com/money/perfi/credit/2009-04-02-credit-cards-responsible-borrowers_N.htm
In an interesting turn of events, if you are in the market for a Kansas City real estate, the mortgage industry is doing you a favor, making credit available for qualified buyers at record low interest rates...Our current 30 year fixed mortgage rates are at a record low...
http://www.usatoday.com/money/economy/housing/2009-04-02-mortgage-rates_N.htm
Kansas City homes are in demand, with prices increasing last month almost 1.3% over the previous 12 month period, making your Kansas City Realtor your best friend. Our clients expect straight talk, not doubletalk...Should we talk?